Updated Dec 4, 2024
Nan & Company Properties Acquires Multifamily Property In Houston For $1.1M
1736 Crestdale Dr Houston, TX 77080, USA
$1,100,000
$8,527/SF
Building Size
129 SF
Asset Type
MultiFamily
Closing
May 25, 2023
About this deal
AI
A multifamily property located at 1736 Crestdale Drive in Houston has been sold for a price of $1,100,000. The property consists of 9 units, with a price per unit of $122,222. It spans an area of 129 square feet, with a price per square foot of $8,527.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 9
- Price per Unit: $122,222
- Square Feet: 129
- Price per Square Foot: $8,527
The buyer's representative for this transaction was Victoria Luo from Nan & Company Properties.
Texas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93